Thursday, June 16, 2011

Expanding the Search to Hedge Funds and Investment Banks

I haven't had a cup of coffee yet and did a nice informational interview with a friend of a friend that is a general manager of a large international bank. He used to be a fund manager at Goldman Sach's and then went into management. On the upside, he advised that the most logical place for me to go now would be into equity research, likely with large Investment Banks that may even have specific departments that handle research for utilities. Another option would be to look at Hedge Funds that specialize in this area. Obviously, there would be a lot more opportunities in New York than in Vancouver in this area, so it is excellent that I have dual citizenship and have a home in NYC also.

He puts a lot of weight into the CFA, more so than doing a course from Wallstreetprep on valuation, because the highly technical finance jobs aren't what I am after.

I know that equity research roles would have grueling hours, and the best take their work home with them as the market is always changing. I would be OK with that, particularly since after a year or two, it would put me in prime position to land a job with a private equity firm.

So, good advice from someone who has had a healthy career in the field. I will start reaching out to the investment banks and utilities hedge funds.

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